News
Penta - Notice Of Bonus Entitlement
1) BONUS ISSUE OF 11,725,386 NEW ORDINARY SHARES IN PENTAMASTER CORPORATION BERHAD ("PCB SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 25 EXISTING PCB SHARES HELD AS AT 5:00PM ON 4 DECEMBER 2017.
2) SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 ORDINARY SHARE IN PENTAMASTER CORPORATION BERHAD ("PCB") INTO 2 ORDINARY SHARES IN PCB ("SUBDIVIDED SHARES").
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[Ex-All]” as from: 29 Nov 2017
2) The last date of lodgment : 4 Dec 2017
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct <2/27>, of Selling Price against the Selling Client
b) Buying Broker to deduct <7.40%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <2/27>, of the Transacted Price is applicable.
Remarks 1):- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 4 December 2017 with Bonus Issue and Share Split of PENTA share, any shareholder who is entitled to receive PENTA Bonus Issue and Share Split share, may now sell any or all of his PENTA shares arising from the Bonus Issue and Share Split beginning the Ex-Date (29 November 2017).
For example, if Mr X purchases 100 PENTA shares on cum basis on 28 November 2017, Mr X should receive 100 shares on 4 December 2017. As a result of the Bonus Issue and Share Split, a total of 216 PENTA shares will be credited into Mr X's CDS account on the night of 4 December 2017 being the Book Closing Date. Therefore, Mr X can sell the Bonus Issue and Share Split share of 216 on or after the Ex-Date ie from 29 November 2017 onwards."
Remarks 2: Par value is no longer relevant arising from the migration to the no par value regime under the Companies Act, 2016. The Bonus Issue will entail the issuance of 11,725,386 Bonus Shares to be credited as fully paid-up on the basis of 2 Bonus Shares for every 25 existing PCB Shares held by the entitled shareholders. The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 5 December 2017, being the next market day after the entitlement date. PCB's share registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders whose names appear in the Record of Depositors of PCB on the entitlement date within 4 market days after the date the Bonus Shares are listed and quoted on the Main Market of Bursa Securities.
Remarks 3: Par value is no longer relevant arising from the migration to the no par value regime under the Companies Act, 2016. The actual number of Subdivided Shares to be issued pursuant to the Share Split will depend on the issued share capital of PCB on the entitlement date. The Subdivided Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 5 December 2017, being the next market day after the entitlement date. PCB's share registrar is expected to issue and despatch the notices of allotment for the Subdivided Shares to the entitled shareholders whose names appear in the Record of Depositors of PCB on the entitlement date within 4 market days after the date the Subdivided Shares are listed and quoted on the Main Market of Bursa Securities.
Announcement Info
| Company Name | PENTAMASTER CORPORATION BERHAD |
| Stock Name | PENTA |
| Date Announced | 22 Nov 2017 |
| Category | Listing Circular |
| Reference Number | ILC-22112017-00019 |